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CNBC
Jan 24, 2013 4:00pm EST
in washington, and what we've said is we will extend the debt ceiling for three months to allow time for the united states senate to write a budget so we can then begin the discussions on how we're going to repay this money that we're going to borrow as well as begin to manage down the debt long term. >> what's the realistic vision in terms of a budget? i mean, this senate will have its budget plan, the house will have its bucket? should the people believe at some point soon we should get a budget for the country. >> i hope that we can. in the house we're committed to producing a budget that will balance in ten years, and this will be a significant shift from the kind of budget that we have produced before. we're dealing with a new baseline after the cliff deal, and i think there's a growing urgency amongst the people in the country to say, you know what? it's time for washington to start living within its means and high time for the federal government to get control of the unfund liabilities in the entitlement programs the way so many private sector industries have done. >> let me say on this ten-year idea for a moment. you've got your skeptics out there who say there's no way we'll get rid to balance, get r
CNBC
Jan 23, 2013 7:00pm EST
obama wants to annihilate the gop. and will the senate pass a suspended debt ceiling bill as the house did today so there will be no default and no budget crackup. that's all coming up a little later on this hour. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. >>> outgoing secretary of state hillary clinton was grilled on capitol hill by senate and house panels. the topic was benghazi attacks. if you missed it, this was definitely the most intense moment of the day, senator ron johnson of wisconsin asking mrs. clinton why the attack was not immediately called an act of terror. >> we're misled that there were supposedly protests and something sprang out of that, an assault sprang out of that. that was easily ascertained that was not the fact and the american people could have known that within days. >> with all due respect, the fact is we had four dead americans. was it because of a protest or because of guys out for walk one night and decided to kill americans. what difference does it make? it w
CNBC
Jan 31, 2013 4:00am EST
debt ceiling? it's a real brawl. >> just deep six that sucker like no other country deals with this it ottic device. hey, i'm going to borrow some money, but i'll think twice over whether i'm going to pay the bill when it comes. >> what if it was the founding father himself who said i think we ought to have a debt ceiling so as to avoid fiscal recklessness? >> well, in fact, the debt ceiling, the reason we have one is because up until 100 years ago, we voted on every bond issue individually. so you think it's bad now, just imagine if we had had that situation. but looking forward, though, this is very much yesterday's story. it was interesting that the reason the dow took this latest jump upwards was because the house a couple of weeks ago signaled they weren't going to have a fight over the debt ceiling. now, people need to focus on the fact that the next big tripwire is the sequester. i think markets got a little bit complacent the one second. >> we want to talk about the federal reserve, as well. let's recap what the fed did. they kept their $85 billion bond buying policy on hold. interest rates remaining at close to zero. the fed says
CNBC
Feb 1, 2013 4:00am EST
of the debt ceiling? >> iveng what we're seeing is some of the political brinksman ship around the debt ceiling may be a thing of the past. the renls certainly got hurt politically trying to use that tool as leverage. 6/hopefully it's an indication that that particular kind of brinksman ship is behind us. >> we'll see. i never put it beyond politicians. when the story changes, they'll change. julie, now win promise you can have your coffee break or tea break. try tea, it's very nice. english breakfast. very good thing to have first thing in the morning. we'll come back to you, jules, julia. >>> in the united states, in addition to the jobs report, there are some other pieces of the economic data. the final look at january consumer sentiment is out at 9:55 a.m. eastern. on the corporate front, exxon mobil, chevron, merck, tyson foods all report earnings before the bell. january sales are also out. they're expected to be seen at the strong rate compared to last year. this is all thanks to pent up demand as well as the improving housing market. and if that is not enough for you, milli
CNBC
Jan 30, 2013 6:00am EST
? >> the sequester, next debt ceiling debate, a number of items that might send the market 10% lower. >> that's true but i have too much money to think about policy and not enough thinking about the fundamentals. >> 90% of hedge funds conform the market. the stock market was up 7% and the hedge funds averaging 8% or show. lot of that average performance came from worrying about these speed bumps. >> you can argue they were hedged. >> that might be. >> if you and andrew have never seen a period 800 on the dow, then 1200, then 3200, then 4200, then 6200, that was unbelievable to watch for 20 years. if you've never seen that, you have no input or experience on how that feels or work out, right? that would be a whole new dynamic -- >> i wasn't alive. >> i know. when that gets gone -- >> there's not enough research to support that point, the way people experience things in 20s and 30s it's with them their whole lives. joe and i think the bull market is normal and you guys think they're abnormal. >> if you haven't been through that -- >> when i go meet with clients on the younger side of things, i am always fond to point out that in
Search Results 0 to 4 of about 5